Taiwan business registration number format30.10.2020
No matter where you live or where your online business is based — if you have customers in Taiwan, you gotta follow Taiwanese VAT rules. This guide includes everything you need to know about digital tax laws in Taiwan, whether your customers live in Taipei or Tungkang. These are goods or services that the customer receives via email, by downloading them from the Internet, or through logging into a website.
Here are some common ones on the market today:. VAT is the consumption tax throughout Taiwan, levied on almost everything sold in the country. There are specific rules around digital products, which you must follow closely to stay tax compliant. So if you sell digital products to a customer in Taiwan, you must charge the VAT rate. Simple, right?
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But in practice, Taiwan VAT has a bit more complexity. It can depend on the amount of sales you make in the country, whether the sale is B2B or B2C, and other things. Well, the threshold amount refers to your total sales in the country, during any month period. This can be a calculation of sales in the last twelve months, or a prediction of sales in the next twelve months — any rolling year-long period, past or future. But once your local sales do surpass NTDthen you may have to register for VAT and comply with all of the Taiwanese rules around tax rate and collection, invoices, and filing returns.
Please contact Taiwan's tax agency for more information. So, turns out you do need to register for tax in Taiwan. Just follow these instructions from the Taiwanese tax authority on how to register for Taiwanese VAT.
Ultimately, you will receive a VAT registration number, which establishes you in the Taiwan tax system as a legal business. This number tracks your business through the system: the taxes you pay, the tax credits you receive, plus the tax you charge from customers. The buyer will handle tax, via Taiwan's reverse-charge mechanism.
In order to comply with tax laws, you should include the following information on your invoices to customers in Taiwan:. The easiest solution for the VAT invoice would be to use a tax software that automatically generates and sends all invoices as soon as the sale is completeand also stores them in the cloud for you. Charging and collecting tax is only the first half of staying compliant. The second, and equally important, half is filing returns and paying whatever you might owe to the government.
In Taiwan, foreign businesses are expected to file tax returns every two months. You have 15 days to file and pay after the end of each period.
At Quaderno we love providing helpful information and best practices about taxes, but we are not certified tax advisors.A company register is a register of organizations in the jurisdiction they operate under. The following is an incomplete list of company registers by country:. From Wikipedia, the free encyclopedia. Wikipedia list article. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages.
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Search permits".Before the spread of the Internet, finding a business in Taiwan would have been a difficult task. Few resources were in English, and fewer still were readily available outside of Taiwan. However, many companies now have their own websites, and many others are accessible through online directories and other resources. Whether you need to find a phone number or place an order, finding the information you need is relatively easy. Ensure you have the correct name of the company you are looking for.
Making mistakes is common when you are looking for a company name in a foreign language, and mistakes make finding the company difficult. Both of these sites are in English and are organized by business type. These directories can also be searched by entering the company name into the search tab. Enter relevant information into a popular search engine if you have difficulty remembering the company name. The company's name may be written in Taiwanese or Chinese characters, in which case you must make sure that your browser is capable of displaying foreign characters.
Search for the company by location if you don't have any other information. You can enter addresses or intersections into the search tab of an online map service, such as Google Maps Taiwan see Resources. Use the map to locate the business and click on the building to obtain more information. James Stuart began his professional writing career in He traveled through Asia, Europe, and North America, and has recently returned from Japan, where he worked as a freelance editor for several English language publications.
He looks forward to using his travel experience in his writing. Share It. About the Author. Photo Credits.Businesses in Taiwan that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Ministry of Finance MOFand will follow a certain format.
The VAT number format is eight digits. Businesses in Taiwan that are required to collect tax from consumers must file regular tax returns with the Ministry of Finance MOF in Taipei. Taiwan's Return periods are:. These are the revenue thresholds at which businesses in Taiwan are required to start collecting and remitting tax.
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. In Taiwan, taxation of a non-established business is: No, with exceptions. Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country or make purchases VAT free.
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Taiwan's Return periods are: Bimonthly. Taiwan Business tax including value- added tax [VAT] and gross business receipts tax [GBRT] Thresholds These are the revenue thresholds at which businesses in Taiwan are required to start collecting and remitting tax. Note: This page is intended to be a simple overview of Taiwan's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Taiwan tax information on this page is incorrect or out of date.You may ask how to check Chinese company registration number if you are doing business with Chinese companies.
There are multitudes of Chinese companies operating online all vying for your attention. You, however, want to make sure that by the time you settle on a few they are all legal. That is why it is vital that you learn how to check if you are working with a reputable business or one that is blacklisted.
Before we get into how to check Chinese company registration number, we first ought to highlight what that is. Every company in China is required by law to be officially registered. Lack of this document is an indication they are operating illegally. The number gets logged as government records under authorities in charge of business registration AIC -Administration for Industry and Commerce in a given province.
These records are made public online via the website. That makes it incredibly easy to see if a Chinese company has a business license and look up the registration number. When doing this, you are doing so to check if what the company you are in talks with checks out. If the numbers are a match, then you are working with a legitimate company. We are here to help you learn how to check Chinese company registration number the easy way. The online world comes with the good and the bad, and the last thing you would wish for yourself and others is to get scammed.
That is why you should insist on checking a Chinese company registration number. In essence, this practice is to verify if the company is real or not. Apart from scams, some companies continue to operate despite their licenses being revoked. Businesses ought to ensure that they are doing business legally. The other advantage of working with a registered Chinese company is you are sure that you can take legal action should they not keep their end of the contract, something unlikely to happen.
Change in Chinese business registration numbers came about in October COVID We are operating business as normal and stand ready to assist with your verification needs. Opinions, knowledge and resources from China Checkup's expert contributors. The registration number is currently 15 digits long, and can be broken down into the following parts:.
You can get some information from the first of these 8 digits:. The sequencing number is unique for the registering authority that gave it.
It is possible, though, that companies in different jurisdictions could have the same sequencing number. In that case, their registration numbers would be differentiated by the registering authority first six digits and check digit final digit.
The check digit allows quick sanity checks on the China business registration number. This makes it easier to spot invalid numbers, especially when processed by a computer. Get Started. It might make it possible to spot lazy or incompetent scammers, but the most likely scenario with fraudulent registration numbers is that the scammer has simply taken a real registration number from a legitimate company, so the check digit would reveal nothing.
This is also known as the mod 11, 10 algorithm ISO You can validate or calculate this as follows:. Go through the number from left to right calculating an intermediate result T j for each position, using this equation:.
Since 1st October China has commenced implementation of a new China business registration number system and in the future all companies will have an digit registration number.
Frustrated by the scarcity of concise, high-quality and timely information about Chinese companies, I setup China Checkup whilst living in Shanghai in My team are proud that China Checkup's company verification reports have now helped thousands of clients from all corners of the world to do business in China more safely.
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This article highlights some of the most significant events during this period in the form of a year by year timeline. Continue Reading. Listening to China business podcasts can be a great way to get insights on the Chinese market, pick up new knowledge and get fresh perspectives.
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Founded in by Matt Slater, China Checkup is the 1 provider of Chinese company verification services. Trusted by thousands of clients worldwide, China Checkup's reports are easy to order, processed quickly and highly accurate.There is no VAT registration threshold for resident companies providing taxable goods or services in Taiwan. Registration is generally performed at incorporation. They may apply for refunds on VAT incurred on costs if there is a reciprocity agreement between their country of residence and Taiwan.
A local fiscal representative is required. Click for free Taiwanese VAT info. Africa and Middle East. North America. Our automation specialists are here to answer any questions you have, click the button below to start a chat. VAT news. VAT knowledge. Contact us. Taiwanese VAT registration. What is the Taiwanese registration threshold?
Non-resident businesses may not apply for group VAT registrations. Applying for a VAT registration. Businesses will be deregistered after six months if they cease to provide taxable supplies. VAT number format.
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Company Registration In Taiwan
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